Interest Rates, Epstein Records Ruling, Pro-AI Midterm Ads and more
CNN 5 Things
CNN
3.7 • 1.3K Ratings
🗓️ 10 December 2025
⏱️ 7 minutes
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| 0:00.0 | Hey there, from CNN. I'm David Rind with the five things you need to know for Wednesday, |
| 0:06.0 | December 10th. |
| 0:07.0 | Let's start with President Donald Trump's speech last night in Pennsylvania, where he debuted his |
| 0:12.0 | administration's new messaging on the economy, which basically boils down to, yes, prices are |
| 0:18.0 | high, but it's Democrats' fault. |
| 0:20.0 | They caused the high prices, and we're bringing them down. |
| 0:23.8 | During that same 90-minute speech last night, he also called concerns about affordability |
| 0:28.0 | a hoax, before acknowledging he'd been encouraged not to say that because it'd be misconstrued. |
| 0:33.3 | But while Trump debates whether there's an affordability crisis in America, the divided |
| 0:37.6 | Federal Reserve is sent to announce interest rates. |
| 0:40.9 | Today's decision will likely be the Fed's toughest call since at least September of last year, |
| 0:45.0 | in part because they're flying somewhat blind. |
| 0:48.0 | CNN's Matt Egan explains why. |
| 0:50.0 | If this plays out as expected, this would lower the Fed rate by almost two full percentage |
| 0:55.1 | points from the peak last year. |
| 0:57.0 | But we also have to think about why the Fed is cutting. |
| 0:59.5 | It's not because inflation is down. |
| 1:02.0 | It's right where it was when the year started. |
| 1:04.0 | It's really because unemployment is up and Fed officials want to act now to shore up the |
| 1:09.5 | shaky job market. |
| 1:10.8 | Now, make no mistake, this does look like a tough call. Fed officials want to act now to shore up the shaky job market. |
| 1:17.4 | Now, make no mistake, this does look like a tough call from an increasingly divided Federal Reserve, |
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